Medical Imaging Services Market Overview
The global Medical Imaging Services market is anticipated to rise at a significant rate in the forecast period. Several notable factors such as growing awareness among people about the early diagnosis of chronic diseases, growth in the demand for diagnostic imaging services among the geriatric population, and availability of reimbursements for diagnostic imaging services in major markets contribute largely to the growth of the global Diagnostic Imaging Services market.
Furthermore, significant acquisitions and strategic collaborations & partnerships, focus of market players on offering value-added service assistance, which includes mobile value-added services, are enhancing the growth of the global diagnostic imaging services market.
On the other hand, the shortage of radiologists for performing diagnostic imaging procedures and the continued usage of obsolete systems in many regions are expected to hamper the growth of the global diagnostic imaging services market.
Covid-19 Impact on Medical Imaging Services Market
In addition, the current Medical Imaging Services Market study offers a detailed analysis of the current COVID-19 pandemic impact on the market growth and its influence on the future growth of the Medical Imaging Services Market. The recently published report demonstrates the elevation in the demand for the healthcare sector. The healthcare manufacturers have experienced long term as well as short term effect which includes supply shortages, panic buying, and stocking, regulation changes as short-term whereas approval delays and possible trend variations in consumption could be perceived as long-term impacts of COVID-19 on the health and pharmaceutical market.
The increasing need for a cure has pushed vaccine research and manufacturers to the limit. In addition to this, panic conditions have already spurred the demand for many healthcare products and services which are discussed in detail in this report. Moreover, the impact of COVID-19 on overall market revenue for the base year 2020 and its projection up to 2027 is provided in detail in this report.
Medical Imaging Services Market Segment Overview
Based on Imaging Modality, the X-ray segment accounted for the largest share of the Diagnostic Imaging Services market. The crucial factors driving the growth of this segment include the increasing old age population, lower cost of X-rays as compared to other imaging modalities, favorable returns on investments, and technological advancements in X-ray imaging systems.
According to End User, the Hospitals segment held the maximum share of the diagnostic imaging services market. The large share of this segment can be attributed to the increasing number of diagnostic imaging procedures performed in hospitals, growing adoption of minimally invasive procedures in hospitals to improve the quality of patient care, and rising adoption of advanced imaging modalities to improve patient workflow efficiency in hospitals.
Medical Imaging Services Market, By Imaging Modality
· X-ray
· Magnetic Resonance Imaging (MRI)
· Ultrasound
· Computed Tomography (CT)
· Nuclear Imaging
· Others
Medical Imaging Services Market, By Application
· Cardiology
· Gynecology/Obs
· Oncology
· Orthopedics & Musculoskeletal
· Neurology & Spine
· General Imaging
Medical Imaging Services Market, By End User
· Hospitals
· Ambulatory Surgical Centers
· Diagnostic Centers
· Others
Medical Imaging Services Regional Overview
In terms of region, North America held a major share of the global diagnostic imaging services market and is anticipated to retain its strength during the forecast period. The rapid adoption of modern imaging technologies and the presence of a large number of diagnostic imaging service providers are estimated to propel the growth of the market in the coming years. In addition, high disposable income and well-developed healthcare infrastructure also contributed significantly to North America’s large market share. Similarly, Europe is expected to be the second-largest region for the diagnostic imaging services market. Factors such as rising incidences of cardiovascular diseases and growth in the number of CT and MRI diagnostic imaging procedures performed in the region are escalating the growth market in this region. Likewise, the market in the Asia Pacific is expected to register the fastest growth during the forecast period. A large number of patients and rapid adoption of technological developments in Japan and China propelling the market’s growth in this region. In addition to this, as per OECD data, Japan has the highest density of CT scanners and MRI machines per million population.
Medical Imaging Services Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, Russia & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Medical Imaging Services Market Competitor overview
Some key developments and strategies adopted by manufacturers in Medical Imaging Services are highlighted below.
· In August 2021, NANO-X IMAGING LTD, an innovative medical imaging company, announced entry into two agreements intended to create a globally connected, end-to-end radiology solution. The Company announced that it has entered into an agreement to acquire a leading medical artificial intelligence (AI) developer Zebra Medical Vision. Nanox also announced that it has entered into a binding letter of intent to acquire USARAD and its related company, Medical Diagnostics Web, or MDW.
Medical Imaging Services Market, Key Players
· Radnet, Inc.
· Center for Diagnostic Imaging
· MedQuest Associates, Inc.
· Siemens Healthineers
· Hitachi, Ltd.
· Carestream Health
· Koninklijke Philips N.V.
· GE Healthcare
· Shimadzu Corporation
· Dignity Health (CommonSpirit Health)
The global Medical Imaging Services market is anticipated to rise at a significant rate in the forecast period. Several notable factors such as growing awareness among people about the early diagnosis of chronic diseases, growth in the demand for diagnostic imaging services among the geriatric population, and availability of reimbursements for diagnostic imaging services in major markets contribute largely to the growth of the global Diagnostic Imaging Services market.
Furthermore, significant acquisitions and strategic collaborations & partnerships, focus of market players on offering value-added service assistance, which includes mobile value-added services, are enhancing the growth of the global diagnostic imaging services market.
On the other hand, the shortage of radiologists for performing diagnostic imaging procedures and the continued usage of obsolete systems in many regions are expected to hamper the growth of the global diagnostic imaging services market.
Covid-19 Impact on Medical Imaging Services Market
In addition, the current Medical Imaging Services Market study offers a detailed analysis of the current COVID-19 pandemic impact on the market growth and its influence on the future growth of the Medical Imaging Services Market. The recently published report demonstrates the elevation in the demand for the healthcare sector. The healthcare manufacturers have experienced long term as well as short term effect which includes supply shortages, panic buying, and stocking, regulation changes as short-term whereas approval delays and possible trend variations in consumption could be perceived as long-term impacts of COVID-19 on the health and pharmaceutical market.
The increasing need for a cure has pushed vaccine research and manufacturers to the limit. In addition to this, panic conditions have already spurred the demand for many healthcare products and services which are discussed in detail in this report. Moreover, the impact of COVID-19 on overall market revenue for the base year 2020 and its projection up to 2027 is provided in detail in this report.
Medical Imaging Services Market Segment Overview
Based on Imaging Modality, the X-ray segment accounted for the largest share of the Diagnostic Imaging Services market. The crucial factors driving the growth of this segment include the increasing old age population, lower cost of X-rays as compared to other imaging modalities, favorable returns on investments, and technological advancements in X-ray imaging systems.
According to End User, the Hospitals segment held the maximum share of the diagnostic imaging services market. The large share of this segment can be attributed to the increasing number of diagnostic imaging procedures performed in hospitals, growing adoption of minimally invasive procedures in hospitals to improve the quality of patient care, and rising adoption of advanced imaging modalities to improve patient workflow efficiency in hospitals.
Medical Imaging Services Market, By Imaging Modality
· X-ray
· Magnetic Resonance Imaging (MRI)
· Ultrasound
· Computed Tomography (CT)
· Nuclear Imaging
· Others
Medical Imaging Services Market, By Application
· Cardiology
· Gynecology/Obs
· Oncology
· Orthopedics & Musculoskeletal
· Neurology & Spine
· General Imaging
Medical Imaging Services Market, By End User
· Hospitals
· Ambulatory Surgical Centers
· Diagnostic Centers
· Others
Medical Imaging Services Regional Overview
In terms of region, North America held a major share of the global diagnostic imaging services market and is anticipated to retain its strength during the forecast period. The rapid adoption of modern imaging technologies and the presence of a large number of diagnostic imaging service providers are estimated to propel the growth of the market in the coming years. In addition, high disposable income and well-developed healthcare infrastructure also contributed significantly to North America’s large market share. Similarly, Europe is expected to be the second-largest region for the diagnostic imaging services market. Factors such as rising incidences of cardiovascular diseases and growth in the number of CT and MRI diagnostic imaging procedures performed in the region are escalating the growth market in this region. Likewise, the market in the Asia Pacific is expected to register the fastest growth during the forecast period. A large number of patients and rapid adoption of technological developments in Japan and China propelling the market’s growth in this region. In addition to this, as per OECD data, Japan has the highest density of CT scanners and MRI machines per million population.
Medical Imaging Services Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, Russia & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Medical Imaging Services Market Competitor overview
Some key developments and strategies adopted by manufacturers in Medical Imaging Services are highlighted below.
· In August 2021, NANO-X IMAGING LTD, an innovative medical imaging company, announced entry into two agreements intended to create a globally connected, end-to-end radiology solution. The Company announced that it has entered into an agreement to acquire a leading medical artificial intelligence (AI) developer Zebra Medical Vision. Nanox also announced that it has entered into a binding letter of intent to acquire USARAD and its related company, Medical Diagnostics Web, or MDW.
Medical Imaging Services Market, Key Players
· Radnet, Inc.
· Center for Diagnostic Imaging
· MedQuest Associates, Inc.
· Siemens Healthineers
· Hitachi, Ltd.
· Carestream Health
· Koninklijke Philips N.V.
· GE Healthcare
· Shimadzu Corporation
· Dignity Health (CommonSpirit Health)
Medical Imaging Services Market Study Global Market Analysis, Insights and Forecast, 2020-2027
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Medical Imaging Services Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Imaging Modality
- 5.2.1. X-ray
- 5.2.2. Magnetic Resonance Imaging (MRI)
- 5.2.3. Ultrasound
- 5.2.4. Computed Tomography (CT)
- 5.2.5. Nuclear Imaging
- 5.2.6. Others
- 5.3. Market Analysis, Insights and Forecast – By Application
- 5.3.1. Cardiology
- 5.3.2. Gynecology/Obs
- 5.3.3. Oncology
- 5.3.4. Orthopedics & Musculoskeletal
- 5.3.5. Neurology & Spine
- 5.3.6. General Imaging
- 5.4. Market Analysis, Insights and Forecast – By End User
- 5.4.1. Hospitals
- 5.4.2. Ambulatory Surgical Centers
- 5.4.3. Diagnostic Centers
- 5.4.4. Others
- 5.5. Market Analysis, Insights and Forecast – By Region
- 5.5.1. North America
- 5.5.2. Europe
- 5.5.3. Asia Pacific
- 5.5.4. Latin America, Middle East and Africa
6. North America Medical Imaging Services Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Imaging Modality
- 6.2.1. X-ray
- 6.2.2. Magnetic Resonance Imaging (MRI)
- 6.2.3. Ultrasound
- 6.2.4. Computed Tomography (CT)
- 6.2.5. Nuclear Imaging
- 6.2.6. Others
- 6.3. Market Analysis, Insights and Forecast – By Application
- 6.3.1. Cardiology
- 6.3.2. Gynecology/Obs
- 6.3.3. Oncology
- 6.3.4. Orthopedics & Musculoskeletal
- 6.3.5. Neurology & Spine
- 6.3.6. General Imaging
- 6.4. Market Analysis, Insights and Forecast – By End User
- 6.4.1. Hospitals
- 6.4.2. Ambulatory Surgical Centers
- 6.4.3. Diagnostic Centers
- 6.4.4. Others
- 6.5. Market Analysis, Insights and Forecast – By Country
- 6.5.1. U.S.
- 6.5.2. Canada
7. Europe Medical Imaging Services Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Imaging Modality
- 7.2.1. X-ray
- 7.2.2. Magnetic Resonance Imaging (MRI)
- 7.2.3. Ultrasound
- 7.2.4. Computed Tomography (CT)
- 7.2.5. Nuclear Imaging
- 7.2.6. Others
- 7.3. Market Analysis, Insights and Forecast – By Application
- 7.3.1. Cardiology
- 7.3.2. Gynecology/Obs
- 7.3.3. Oncology
- 7.3.4. Orthopedics & Musculoskeletal
- 7.3.5. Neurology & Spine
- 7.3.6. General Imaging
- 7.4. Market Analysis, Insights and Forecast – By End User
- 7.4.1. Hospitals
- 7.4.2. Ambulatory Surgical Centers
- 7.4.3. Diagnostic Centers
- 7.4.4. Others
- 7.5. Market Analysis, Insights and Forecast – By Country
- 7.5.1. UK
- 7.5.2. Germany
- 7.5.3. France
- 7.5.4. Italy
- 7.5.5. Spain
- 7.5.6. Russia
- 7.5.7. Rest of Europe
8. Asia Pacific Medical Imaging Services Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Imaging Modality
- 8.2.1. X-ray
- 8.2.2. Magnetic Resonance Imaging (MRI)
- 8.2.3. Ultrasound
- 8.2.4. Computed Tomography (CT)
- 8.2.5. Nuclear Imaging
- 8.2.6. Others
- 8.3. Market Analysis, Insights and Forecast – By Application
- 8.3.1. Cardiology
- 8.3.2. Gynecology/Obs
- 8.3.3. Oncology
- 8.3.4. Orthopedics & Musculoskeletal
- 8.3.5. Neurology & Spine
- 8.3.6. General Imaging
- 8.4. Market Analysis, Insights and Forecast – By End User
- 8.4.1. Hospitals
- 8.4.2. Ambulatory Surgical Centers
- 8.4.3. Diagnostic Centers
- 8.4.4. Others
- 8.5. Market Analysis, Insights and Forecast – By Country
- 8.5.1. China
- 8.5.2. India
- 8.5.3. Japan
- 8.5.4. Australia
- 8.5.5. South East Asia
- 8.5.6. Rest of Asia Pacific
9. Latin America, Middle East and Africa Medical Imaging Services Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Imaging Modality
- 9.2.1. X-ray
- 9.2.2. Magnetic Resonance Imaging (MRI)
- 9.2.3. Ultrasound
- 9.2.4. Computed Tomography (CT)
- 9.2.5. Nuclear Imaging
- 9.2.6. Others
- 9.3. Market Analysis, Insights and Forecast – By Application
- 9.3.1. Cardiology
- 9.3.2. Gynecology/Obs
- 9.3.3. Oncology
- 9.3.4. Orthopedics & Musculoskeletal
- 9.3.5. Neurology & Spine
- 9.3.6. General Imaging
- 9.4. Market Analysis, Insights and Forecast – By End User
- 9.4.1. Hospitals
- 9.4.2. Ambulatory Surgical Centers
- 9.4.3. Diagnostic Centers
- 9.4.4. Others
- 9.5. Market Analysis, Insights and Forecast – By Country
- 9.5.1. Brazil
- 9.5.2. Saudi Arabia
- 9.5.3. UAE
- 9.5.4. Rest of LAMEA
10. Competitive Analysis
- 10.1. Company Market Share Analysis, 2018
- 10.2. Key Industry Developments
- 10.3. Company Profile
- 10.4. Radnet, Inc.
- 10.4.1. Business Overview
- 10.4.2. Segment 1 & Service Offering
- 10.4.3. Overall Revenue
- 10.4.4. Geographic Presence
- 10.4.5. Recent Development
- 10.5. Center for Diagnostic Imaging
- 10.6. MedQuest Associates, Inc.
- 10.7. Siemens Healthineers
- 10.8. Hitachi, Ltd.
- 10.9. Carestream Health
- 10.10. Koninklijke Philips N.V.
- 10.11. GE Healthcare
- 10.12. Shimadzu Corporation
Research Process
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
